Toronto, Ontario--(Newsfile Corp. - June 5, 2020) - Zoompass Holdings Inc. (OTCQB: ZPAS) would like to announce the close of transaction with Blockgration Global Corporation ("BGC") and its subsidiaries.
As part of this closure, Zoompass has controlling interest in BGC's growing subsidiaries including:
Blockgration Global Corp.- Is an established Canadian-based company that provides a one-stop multi-currency digital wallet platform, blockchain centric technology and payment solutions. BGC connects blockchain platforms with payment ecosystems and traditional banking. They provide their clients and consumers with seamless integrated services such as digital assets trading platforms, international money transfer solutions, bill payments, instore and online merchant payments technologies along with other value-added services. (blockgrationglobal.com)
MSewa Software Solutions Private Ltd. (operating as MSS Payments) - Is an award-winning international financial services technology company based in India with a focus on digital wallet deployments, multi-currency, multi-processor prepaid card platform and corporate domestic money transfer. The company's aim is to make online transactions simpler and more secure for all. (msewa.com)
iBlock Technologies Private Ltd. (operating in India as BuyUcoin) - Is one of the oldest cryptocurrency exchange companies in India. BuyUcoin's user friendly interface and myriad of features and products allow customers to easily and safely buy, sell, trade and store cryptocurrency, in compliance with local regulations. The company has an active customer base of 350,000 users. (buyucoin.com)
Zuum Global Services Inc. (Vancouver, Canada) - Is a leader in delivering high-traffic mobile apps, performance driven web-based applications, cloud suites and globally distributed software systems to customers across the globe. (zuum.ca)
BlockLine Solutions Private Ltd. - A technology services company with laser focus on digital transformation, customer experience and integration of payment ecosystems. BlockLine partners with key industry players to bring the optimal combination of technology and business to its clients and partners.
With the completion of this acquisition, Zoompass now has a combined total of approximately 125 employees and consultants operating across three countries.
"With BGC and its acquired subsidiaries, Zoompass is now more strongly positioned to offer further comprehensive and cost-effective technology services and solutions," says Manny Bettencourt, CEO of Zoompass. "In addition, BGC's federated technology model assists in supporting the consolidation of technology elements and simplifies operations. With this deal closure, our business model will see improved ROI and reduced financial overhead."
"We're excited to join Zoompass as it will allow us to focus on building a more powerful user experience across our digital platforms," says David Ralph Mackereth, EVP at Blockgration. "With Zoompass' leadership, experience and support, our growth will continue to make a mark on digital payment technologies globally."
About Zoompass: Zoompass is a global innovator in the SaaS world, focused on next generation web-based technologies and software solutions for both private and public sectors. Our services span from small businesses to large enterprises and together, we build, acquire, and partner to deliver to our clients the best technical and operation platforms and solutions available in the marketplace.
Manny Bettencourt, CEO
Email: mbettencourt@zoompass.com
Website: www.zoompass.com
Zoompass Safe Harbor Statement
Certain statements contained within this release are considered to be forward-looking under the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties including, but not limited to, the risk that any projections or guidance, including revenues, margins, earnings, or any other financial results are not realized, the impact of changes in tariffs, adverse changes in the global economic conditions, significant volume reductions from key contract customers, financial stability of key customers and suppliers, and availability or cost of raw materials. Forward-looking statements can often be identified by words such as "anticipates, " "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expression, and variations or negatives of these words. These forward-looking statements are not guaranteeing of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially and adversely from those expressed in any forward-looking statement. Additional cautionary statements regarding other risk factors that could have an effect on the future performance of Zoompass are contained in the Company's Form 10-k filing for the fiscal year ending in December 31, 2020, and other filings with the Securities and Exchange Commission.
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